On May 20, the SEC asked the ETF exchange to revise its application, and three days later approved the 19b-4 application, but the S-1 application is still pending. Due to the July 4 holiday, the SEC may postpone its decision until the week of July 8. If the SEC takes action this week, ETH prices may rebound.
Currently, six US spot Ethereum ETF applicants have submitted S-1 document updates, including Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock.
After the Ethereum spot ETF is successfully approved, if funds continue to flow in, Ethereum ecological projects may have a wave! Here are some of the main tokens in the ETH ecosystem.
Layer2 aims to support the prosperity of the ETH ecosystem with high TPS and low GAS. Its importance is self-evident. Major projects include MATIC, ARB, STX, IMX, OP, STRK, ZK, AEVO, MANTA, BLAST, etc.
The LSD protocol is a node-related staking service that emerged after ETH switched from POW to POS. The main projects include LDO, SSV, RPL, FXS, etc.
DeFi applications cover Dex, lending, stablecoin trading, stablecoin issuance, etc. Major projects include Pendle, UNI, AAVE, COMP, CRV, MKR, etc.
There is also a stablecoin protocol based on ETH collateral
There are many ways to issue stablecoins, one of which is to issue them with collateral assets. The largest collateral asset includes ETH. After having LSD and re-staking, the project party will use the collateralized ETH to obtain liquidity income, and the stablecoin will have a natural yield. The main projects include ENA, LBR, etc., but ENA has fallen by as much as 60% in the past 30 days.
Re-pledge
Re-staking refers to staking assets again after the initial pledge. Re-staking has developed into one of the mainstream DeFi applications on Ethereum. Major projects include REZ, ETHFI, ALT, BB, etc.
The approval of the Ethereum ETF may bring huge development opportunities to the Ethereum ecosystem, so everyone can pay attention to it!
The passage of Ethereum’s ETF will bring a large amount of funds to Ethereum. Those who have U should remember to configure Ethereum instead of simply going all-in on its ecological currency. Position management is very important! ! ! !
ETF only brings funds to ETH, not altcoins. The funds for altcoins come from the market and retail investors! !
You have to understand this point clearly. The basic logic is the same as the original BTC ETF. In the later bull market when Bitcoin was the only investor, after this wave of Ethereum ETF was passed, institutions rushed into the market, and ETH will also have a good performance! L2, LSD, defi, stablecoins, and re-staking under the Ethereum ecosystem are all his little brothers! !
If you need to allocate funds, my strong suggestion is to configure Ethereum before considering its subordinate ecosystem!
There will definitely be another wave of Ethereum rising in the future. As long as the ETH ETF is approved, there is hope for the future!
